May 2024 Economic Advisor now available
Date postedMay 24, 2024
The May 2024 NFFS Economic Advisor is now available! Please note that you must log in to your member account to see this members-only publication.
In this issue:
- A Closer Look: The U.S. Economy: Is Mexico Still Hot?: "With its proximity to the US and relatively less expensive labor, Mexico has long been considered a go-to spot for manufacturing. But the question stands: Is Mexico still the hot place to be? Based on economic factors, the answer is yes."
- Macroeconomic Outlook: "The inverted US Treasury Yield curve is not having the same adverse impacts on markets as is typical for several reasons, including high levels of government spending and consumer resilience."
- Leading Indicator Snapshot: "The ITR Leading Indicator™ rose in April. Ongoing rise in the Indicator suggests some upward momentum is possible for US Industrial Production into at least the second half of 2024"
- Manufacturing Industry Analysis: "Manufacturing overall will contract slightly in 2024 before a more robust 2025."
- Readers Forum: "I have seen numerous headlines about layoffs recently. What does this mean for the labor market?"
The NFFS Economic Advisor provides economic data that is sourced and compiled on a monthly basis by ITR Economics for members of NFFS. It provides leading indicator trend data and relevant economic news to assist foundries with their internal economic analyses and business planning.